It's no party

Article Abstract:

Pakistan is near to economic collapse in July 1998, after economic sanctions were imposed by the US for testing several nuclear devices in retaliation against India in May 1998. The sanctions are expected to lead to a default on debt owed to the International Monetary Fund, although the US is unlikely to withdraw sanctions so Pakistan can make its payments. Pakistan's total foreign debt amounts to $36 billion, which is paid off monthly with $800 million. Political instability is likely as the popularity of Prime Minister Nawaz Sharif falls due to the economic hardship imposed by sanctions.

Intnl Economic Relations, Economic aspects, Economic policy, International economic relations, Economic sanctions, Sanctions (International law)

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Sharif under siege

Article Abstract:

Pakistan Prime Minister Nawaz Sharif seemed to offer promise to the Pakistan economy after he came to power in Feb 1997. However, he became involved in legal battles and a political power struggle, and has failed to devote much attention to reviving Pakistan's economy. Sharif managed to obtain a $1.56 billion loan from the International Monetary Fund, but has not met his commitments on reform, including promises to reduce bureaucracy and to introduce new taxes. Sharif has also failed to address the significant bank-debt problem.

National Government, Public Administration, Political indicators

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Problems, problems: Sharif confronts domestic and foreign-policy crises

Article Abstract:

Prime minister Nawaz Sharif's government is at a watershed and many Pakistanis believe that the country's moribund political and administrative institutions must be revitalized if its myriad problems are to be solved. However Sharif's policies have appeared piecemeal, and in some cases authoritarian as with law and order, where a harsh new anti-terrorism bill has been pushed through. Sharif has however avoided confrontation with the military and he is expected to continue with Pakistan's move to externalize the Kashmir issue.

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